“Global Aerated Chocolate Market to reach a market value of 23.0 Billion by 2031 growing at a CAGR of 10.4%”
The Global Aerated Chocolate Market size is expected to reach $23 billion by 2031, rising at a market growth of 10.4% CAGR during the forecast period.
The North American region's advanced retail infrastructure, both online and offline, supports extensive product availability and accessibility. Leading brands like Nestlé (with its Aero line) and Hershey have a significant presence in the market, leveraging robust marketing campaigns and extensive distribution networks to reach consumers effectively. Consequently, the North American region would acquire nearly, 30% of the total market share by 2031.
Consumer purchasing habits have been considerably changed as a result of the rise in disposable incomes, particularly in emerging nations. This has led to increased expenditures on luxury and premium food goods, like aerated chocolates, which have led to higher purchases. Hence, as consumers continue seeking premium culinary experiences, the demand for aerated chocolates will likely grow.
Additionally, Manufacturers in the chocolate industry are increasingly investing in cutting-edge technologies and creative processes to develop new and exciting varieties of aerated chocolates. In addition to flavors, incorporating different fillings has become a focal point in product development. Whether it's a creamy ganache, a crunchy nut layer, or a rich caramel center, the use of fillings adds an extra dimension of texture and taste to aerated chocolates. Thus, this commitment to creativity and quality ensures that aerated chocolates remain a popular and evolving choice among consumers, driving the growth and expansion of the market.
However, Consumer preferences in the confectionery industry are constantly evolving and influenced by various factors, including health awareness, taste exploration, and lifestyle changes. The perception of aerated chocolates as a less healthy option poses a significant challenge in capturing the health-conscious segment. Hence, the market faces significant challenges due to evolving consumer preferences towards health-conscious products and the risk of novelty fatigue.
On the basis of aeration method, the is classified into chemical aeration and mechanical aeration. The chemical aeration segment acquired 42% revenue share in the in 2023. The segment is driven by its efficiency, cost-effectiveness, and ability to produce consistent and uniform textures.
Based on type, the is divided into dark chocolate, white chocolate, and milk chocolate. The white chocolate segment procured 17% revenue share in the in 2023. White chocolate's creamy texture and sweet flavor make it particularly popular among children and adults seeking indulgence.
By distribution channel, the is divided into offline and online. The online segment witnessed 27% revenue share in the in 2023. E-commerce platforms such as Amazon and Walmart and brand-specific websites have become vital sales channels for aerated chocolates, providing various products, easy comparison, and home delivery options.
Free Valuable Insights: Global Aerated Chocolate Market size to reach USD 23.0 Billion by 2031
Region-wise, the is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment acquired 36% revenue share in the in 2023. European consumers are known for their sophisticated palates and appreciation for premium chocolates, which aligns well with the characteristics of aerated chocolates.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 10.5 Billion |
| Market size forecast in 2031 | USD 23 billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 10.4% from 2024 to 2031 |
| Number of Pages | 212 |
| Tables | 350 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Species, Form, Distribution Channel, Region |
| Country scope |
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| Companies Included | Nueva Pescanova, S.L., Oceana Group, Pacific Seafood Group, Maruha Nichiro Corporation, Profand Fishing Holding S.L., Royal Greenland A/S,Unilever PLC, Thai Union Group PLC, High Liner Foods, Kingsun Foods Co., Ltd. |
By Aeration Method
By Type
By Distribution Channel
By Geography
This Market size is expected to reach $23 billion by 2031.
Rising disposable incomes of consumers are driving the Market in coming years, however, Changing consumer preferences and trends restraints the growth of the Market.
Cargill, Incorporated, Nestlé S.A., Meiji Holdings Co., Ltd., Mondelez International, Inc., Ferrero International S.A., The Barry Callebaut Group, Mars, Inc., The Hershey Company, Alfred Ritter GmbH & Co. KG and The Kraft Heinz Company
The expected CAGR of this Market is 10.4% from 2024 to 2031.
The Milk Chocolate segment led the Market by Type in 2023; thereby, achieving a market value of $12 Billion by 2031.
The Europe region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8 Billion by 2031.
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